Most listings are in the $20's per square foot per year. The Central City East submarket is seeing a a boost in rates. In the last 3 months, the median rate went up $24 per sqft per year.
Compared to the rest of the Metropolitan Los Angeles market, the Central City East submarket has lower rates, so you should have no trouble finding a great deal in this depreciated region.
In the last 90 days, 37 listings have come on the market, which means leases most likley are going fast. You'll want to be prepared to tour spaces as quick as possible. About 3% of the available leases in the Central City East are subleases, so you will probably have to focus your search on direct office leases. There aren't many listings below 2,000 square feet posted, so finding a space for a small business might be tough.
Even though the median size is 6,000 sqft, there are still 0 new availabilities below 2,000 sqft. Most properties in this region are around 3 floors. Most buildings in this area were built in 1979 and are Class A.
Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this region. Most of the occupants of Central City East work from home. Commuting between 20 and 25 minutes a day is the norm for those who opt to reside in this part of town.
Real time and historical data on commercial real estate listings in Central City East.
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